Recursive and bargaining values (Q2243520)

The authors introduce two families of values for transferable utility games: the recursive and bargaining values. Bargaining values are obtained as the equilibrium payoffs of the symmetric non-cooperative bargaining game, and have a recursive structure in their definition. They also extend the notions of potential and balanced contributions, to characterize the family of such values. They show that, if a time discount factor is considered in the bargaining model, every bargaining value has its corresponding discounted bargaining value.